Category Archives: The Mine or the Shaft

This is critical information if you want to understand the trajectory of inflation. I’ve been talking about this for a long time: higher oil prices are inflationary. And I think 2024 will be the year that people finally start to … Continue reading →

In case you thought anybody in Washington was driving this thing, they are not. It’s official: the Department of Treasury is now issuing debt at pandemic levels. It’s worth noting the pandemic record was double the previous record, which had … Continue reading →

Last month, the US Senate passed a resolution saying the over 34 trillion dollars (and growing) national debt threatens national security. A few days later, a bipartisan majority of the Senate voted for a 1.2 trillion dollars spending bill. In … Continue reading →

Utah Governor Spencer Cox has signed legislation explicitly empowering the state treasurer to protect state funds with an allocation to physical gold and silver. Sponsored by Rep. Ken Ivory, House Bill 348 permits – but does not require – the … Continue reading →

How much longer will the Biden administration and the mainstream media continue to deny that we are in the midst of a very painful economic downturn? Debt levels have never been higher, delinquency rates are spiking, the commercial real estate … Continue reading →

The manufacturing and consumer confidence weaknesses of the United States are deeply concerning, particularly considering that all those allegedly infallible Keynesian policies are being applied intensely. Considering the insanity of deficit spending driven by entitlement programs, the decline in the … Continue reading →

And just WHO do you think will pay the bills??? Hospital systems struggle as uninsured illegal immigrants use them as their free health care destination Tens of thousands of illegal immigrants are flooding into U.S. hospitals for treatment and leaving … Continue reading →

OH – do you find the title of today’s post offensive? Then it is past time to WAKE UP! It’s not the title that one should be offended by – it should be the subject matter. “Pal” Joey and Company … Continue reading →

The government, federal or otherwise, has no business model because it is not a business. We know this at the outset because government does not compete in the market for people’s money, as every other business must do. With a … Continue reading →

According to mainstream economics textbooks, one of the primary functions of money is to measure the value of goods and services exchanged on the market. A typical statement of this view is given by Frederic Mishkin in his textbook on … Continue reading →